Menu Price Increases Continue To Moderate, Mostly; Overall Consumer Prices Rise Also Slow

Food-away-from-home prices increased 0.6% month-over-month in January, according to the latest Consumer Price Index data from the Bureau of Labor Statistics. This was faster than a revised 0.4% increase in December and 0.5% increase in November. But for the 12-month period from January 2022 to January 2023, prices ticked down to 8.2% from 8.3% in…